Harrington Investments INC Increases Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Harrington Investments INC increased its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Rating) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 26,097 shares of the company’s stock after acquiring an additional 1,479 shares during the period. Harrington Investments INC’s holdings in Warner Bros. Discovery were worth $247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Country Trust Bank purchased a new stake in Warner Bros. Discovery in the third quarter worth $25,000. JCIC Asset Management Inc. purchased a new stake in Warner Bros. Discovery in the third quarter worth $25,000. Financial Management Professionals Inc. purchased a new position in Warner Bros. Discovery during the third quarter valued at $26,000. Guardian Wealth Advisors LLC purchased a new position in Warner Bros. Discovery during the third quarter valued at $26,000. Finally, CVA Family Office LLC purchased a new position in Warner Bros. Discovery during the third quarter valued at $26,000. Hedge funds and other institutional investors own 55.18% of the company’s stock.

Wall Street Analyst Weigh In

WBD has been the subject of several recent research reports. Guggenheim raised Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $16.50 price objective for the company in a research report on Wednesday, January 11th. Wells Fargo & Company raised Warner Bros. Discovery from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $13.00 to $20.00 in a research report on Friday. Wolfe Research raised Warner Bros. Discovery from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Friday. Macquarie raised their price objective on Warner Bros. Discovery from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Tuesday, January 31st. Finally, Rosenblatt Securities raised their price objective on Warner Bros. Discovery from $9.00 to $11.00 and gave the company a “sell” rating in a research report on Friday, February 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.31.

Warner Bros. Discovery Price Performance

NASDAQ WBD traded up $0.18 during trading hours on Friday, hitting $14.34. The company’s stock had a trading volume of 32,003,231 shares, compared to its average volume of 17,673,690. Warner Bros. Discovery, Inc. has a 12 month low of $8.82 and a 12 month high of $27.50. The company’s 50 day simple moving average is $14.46 and its two-hundred day simple moving average is $12.55. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.93 and a quick ratio of 0.93.

About Warner Bros. Discovery

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Warner Bros. Discovery, Inc operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros.